@[email protected] to TechnologyEnglish • 4 months agoJust 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumptionwww.tomshardware.comexternal-linkmessage-square363fedilinkarrow-up11.02Karrow-down130cross-posted to: environmenttechnology
arrow-up1989arrow-down1external-linkJust 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumptionwww.tomshardware.com@[email protected] to TechnologyEnglish • 4 months agomessage-square363fedilinkcross-posted to: environmenttechnology
minus-squareمن البحر إلى النهرlinkEnglish26•4 months agoDestroying the environment and not even for real money
minus-square@piratlinkEnglish-2•4 months agoWhat makes it less real than other fiat currencies, if I may ask? If a currency is agreed upon being valid by multiple parties, I’d argue it is “real money”.
minus-squareمن البحر إلى النهرlinkEnglish7•4 months agoIt’s a speculative asset, based on the bigger fool theory. You need to sell it for real money to pay your taxes.
minus-square@[email protected]linkfedilinkEnglish6•4 months ago If a currency is agreed upon being valid by multiple parties, I’d argue it is “real money”. That right there. The vast, vast majority of people don’t think it’s valid, therefore it’s not real money.
Destroying the environment and not even for real money
What makes it less real than other fiat currencies, if I may ask? If a currency is agreed upon being valid by multiple parties, I’d argue it is “real money”.
It’s a speculative asset, based on the bigger fool theory. You need to sell it for real money to pay your taxes.
That right there. The vast, vast majority of people don’t think it’s valid, therefore it’s not real money.